FOREIGN ADVERSARIES – Adds to existing law to prohibit certain governmental entities from investing in foreign adversaries.

H 763 prohibits Idaho's public pension funds, university endowments, and other state-managed investments from making new investments in countries designated as "foreign adversaries" (including China, Russia, Iran, and North Korea) starting July 1, 2026. The bill defines "governmental entities" to cover state agencies, public universities, and local governments, and bans new investments in foreign adversaries, their state-owned enterprises, or companies domiciled in those countries. Existing investments prior to July 1, 2026, are exempt, and the law does not override required fiduciary investment standards. This applies specifically to funds managed by Idaho's public institutions, not private investments.